(Reuters) - Stocks recovered most of their early losses in light volume and ended slightly lower on Monday as prospects for strong earnings helped counter fears Portugal would be forced into a bailout.
Investors say the market's upward trend remains intact, but the S&P's third straight session of declines suggests momentum has stalled.
Traders also cited the positive outlook for earnings as a catalyst for the rebound. Even though The S&P 500 edged down, the number of advancers outweighed decliners on both the New York Stock Exchange and the Nasdaq.
Alcoa Inc (AA.N), the largest U.S. aluminum producer, unofficially began the earnings season after the closing bell by posting a fourth-quarter profit that topped Wall Street forecasts. Still, its shares fell 2 percent to $16.16 in after-hours trading.
Alan Lancz, president of Alan B. Lancz & Associates Inc in Toledo, Ohio, said Alcoa's performance should help the market. "It's a good first shot across the bow for the earnings season," he said.
Stocks initially fell Monday on worries Lisbon would have to seek a bailout, but concerns faded on talk of support from the European Central Bank.
The euro, seen of late as a proxy for investors' risk appetite, gained 0.5 percent against the U.S. dollar, recovering from a four-month low.
"We believe that it's prudent to monitor debt problems in Ireland, Spain and Portugal, but these situations are nowhere near crisis levels, and we believe they are largely overblown," said Doug Cote, who helps manage about $50 billion as senior market strategist with ING Investment Management in New York, noting the rebound in the euro.
The Dow Jones industrial average .DJI fell 37.31 points, or 0.32 percent, to 11,637.45. The Standard & Poor's 500 Index .SPX dipped 1.75 points, or 0.14 percent, to 1,269.75. The Nasdaq Composite Index .IXIC gained 4.63 points, or 0.17 percent, to 2,707.80.
The benchmark S&P 500 found technical support near its 14-day moving average, now around 1,264. more ...
Selasa, 11 Januari 2011
Langganan:
Posting Komentar (Atom)
-
►
2014
(7)
- ► 04/06 - 04/13 (1)
- ► 03/09 - 03/16 (1)
- ► 02/23 - 03/02 (1)
- ► 02/16 - 02/23 (1)
- ► 01/19 - 01/26 (1)
- ► 01/05 - 01/12 (2)
-
►
2013
(18)
- ► 12/29 - 01/05 (1)
- ► 07/07 - 07/14 (1)
- ► 05/19 - 05/26 (1)
- ► 04/14 - 04/21 (1)
- ► 03/17 - 03/24 (1)
- ► 02/17 - 02/24 (3)
- ► 02/10 - 02/17 (6)
- ► 01/27 - 02/03 (3)
- ► 01/06 - 01/13 (1)
-
►
2012
(80)
- ► 12/30 - 01/06 (1)
- ► 12/23 - 12/30 (1)
- ► 12/16 - 12/23 (5)
- ► 12/02 - 12/09 (5)
- ► 11/25 - 12/02 (2)
- ► 11/11 - 11/18 (1)
- ► 11/04 - 11/11 (1)
- ► 10/21 - 10/28 (2)
- ► 10/14 - 10/21 (3)
- ► 10/07 - 10/14 (2)
- ► 09/30 - 10/07 (4)
- ► 09/23 - 09/30 (3)
- ► 09/16 - 09/23 (1)
- ► 09/09 - 09/16 (1)
- ► 09/02 - 09/09 (4)
- ► 08/26 - 09/02 (3)
- ► 08/19 - 08/26 (2)
- ► 08/12 - 08/19 (1)
- ► 08/05 - 08/12 (7)
- ► 07/29 - 08/05 (2)
- ► 07/22 - 07/29 (3)
- ► 07/15 - 07/22 (3)
- ► 07/08 - 07/15 (4)
- ► 07/01 - 07/08 (5)
- ► 06/17 - 06/24 (3)
- ► 06/10 - 06/17 (1)
- ► 06/03 - 06/10 (1)
- ► 05/27 - 06/03 (1)
- ► 05/20 - 05/27 (1)
- ► 04/29 - 05/06 (1)
- ► 04/22 - 04/29 (1)
- ► 04/08 - 04/15 (2)
- ► 04/01 - 04/08 (1)
- ► 03/25 - 04/01 (2)
-
▼
2011
(3338)
- ► 10/02 - 10/09 (2)
- ► 09/18 - 09/25 (20)
- ► 09/11 - 09/18 (76)
- ► 09/04 - 09/11 (37)
- ► 08/21 - 08/28 (60)
- ► 08/14 - 08/21 (76)
- ► 08/07 - 08/14 (99)
- ► 07/31 - 08/07 (114)
- ► 07/24 - 07/31 (99)
- ► 07/17 - 07/24 (55)
- ► 07/10 - 07/17 (59)
- ► 07/03 - 07/10 (51)
- ► 06/26 - 07/03 (56)
- ► 06/19 - 06/26 (64)
- ► 06/12 - 06/19 (83)
- ► 06/05 - 06/12 (73)
- ► 05/29 - 06/05 (75)
- ► 05/22 - 05/29 (52)
- ► 05/15 - 05/22 (69)
- ► 05/08 - 05/15 (67)
- ► 05/01 - 05/08 (133)
- ► 04/24 - 05/01 (167)
- ► 04/17 - 04/24 (55)
- ► 04/10 - 04/17 (131)
- ► 04/03 - 04/10 (107)
- ► 03/27 - 04/03 (147)
- ► 03/20 - 03/27 (131)
- ► 03/13 - 03/20 (148)
- ► 03/06 - 03/13 (114)
- ► 02/27 - 03/06 (141)
- ► 02/20 - 02/27 (113)
- ► 02/13 - 02/20 (58)
- ► 02/06 - 02/13 (111)
- ► 01/30 - 02/06 (90)
- ► 01/23 - 01/30 (119)
- ► 01/16 - 01/23 (85)
-
▼
01/09 - 01/16
(91)
- Bloomberg Coal at 28-Month High to Beat Oil, Gas o...
- Indopremier Securities COMPANY_NOTES ASRI Riding o...
- JP Morgan Indo PTBA pricing risk highlighted
- Credit Suisse Indofood Sukses Makmur - Reinstating...
- NISP Sekuritas Daily 14 Jan 2011 (ASII, KLBF, KRAS...
- Bloomberg Indonesia Stocks: Adhi Karya, Astra Agr...
- ICAP Shipping Indonesia coal exports slow down
- Bloomberg Indonesia Plans Sukuk Shift to Fund $14...
- Bloomberg Crude Oil Falls From Highest Level in 2...
- Bloomberg Stocks in U.S. Decline as Jobless Claim...
- Business Times CPO futures up on fresh demand
- Bloomberg Power-Station Coal May Reach $150 a Ton...
- Creamer Media Mittal to raise SA steel prices by 5...
- Kompas Merger Flexi-Esia Pembatalan Merger Disambu...
- Credit Suisse PT Borneo Lumbung Energi & Metal Tbk...
- Financial Times VALLAR : Buy more Bumi
- Samuel Sekuritas Coal Sector - The Black Diamond (...
- CLSA Coal and CPO
- CLSA Global Mediacom (BMTR IJ), pay TV dominator
- Mandiri Sekuritas ID (13-Jan-2011) ADHI: New EPC c...
- Mandiri Sekuritas ID (13-Jan-2011) Plantation: Tig...
- Citigroup Indonesia Macro View - Outlook in 2011 –...
- Macquarie Research Macro Mantra - Indonesia: Cutti...
- NISP Sekuritas Daily 13 Jan 2011 (BUMI, LSIP, ADHI...
- Deutsche Bank ank Mandiri - Potential recovery of ...
- JP Morgan Indo : Discount shopping time in Indones...
- Bloomberg Indonesia Stocks Gain After Worst Run in...
- Bloomberg Oil Rises to 27-Month High After U.S. S...
- Bloomberg U.S. Stocks Climb on Banks Upgrade, Eur...
- Commodity Online Base metals turn bullish in LME
- Business Times CPO futures down for third straight...
- Credit Suisse Asia Equity Focus Strong inflows int...
- AAA Securities PT Bank Rakyat Indonesia (Persero) ...
- Credit Suisse Non-Japan Asia Economics - Which cou...
- Deutsche Bank Bank BJB Alert : Expanding reach int...
- Deutsche Bank ade In Indonesia : No electricity ra...
- Macquarie Research Indofood CBP - Cheap as noodles
- Mandiri Sekuritas Borneo Lumbung: Key takeaways fr...
- Mandiri Sekuritas Agung Podomoro Land: APLN to inc...
- Daiwa Capital Markets - ASEAN Strategy
- NISP Sekuritas Daily 12 Jan 2011 (Economy, JSMR, M...
- Bloomberg Indonesia Stocks: Bank Central Asia, Ba...
- Reuters China sells thermal coal cargo into S.Kore...
- Financial Times Resource groups in the ascent on F...
- Seeking Alpha 2011 Investment Ideas: Equity Market...
- Bloomberg China Coal Benchmark Price Drops for a ...
- The Wall Street Journal Coal production grinds to ...
- UBS INDO Sales Daily Jan 11: ASII, SMGR, UNTR, BJ...
- The Wall Street Journal Queensland floods force an...
- Kim Eng Indonesia Equity Daily, 11 Jan 2011
- Credit Suisse Asia Equity Focus Indonesia strategy...
- CLSA INDO: CPO update - Sharp drop in Dec10 produc...
- CLSA Bank BTN (BBTN IJ), from Bret Ginesky - Corr...
- CLSA Jasa Marga (JSMR IJ), from Sarina:
- Bahana Sekuritas Mitra Adiperkasa - On course (MAP...
- Financial Times article on Indonesia . . . no posi...
- JPM Indo: bottom-fishing candidates
- Credit Suisse Indonesia Bank Sector - Gauging the ...
- CLSA What to buy in consumer, from analyst Swati C...
- CLSA Bank Indo strategy
- Credit Suisse Asia Equity Strategy: Indonesia down...
- Mandiri Sekuritas Semen Gresik: SMGR to build two ...
- Mandiri Sekuritas Commentary : Raise interest rate...
- Citigroup Indonesia Banks - Bank Indonesia Confere...
- Credit Suisse Asia Pacific Financials; Indonesia B...
- NISP Sekuritas Daily 11 Jan 2011 (SMGR, BJBR, BWPT...
- JP Morgan Indo : Indonesia Infrastructure Achievin...
- Deutsche Bank BBCA Gaining importance as Indonesia...
- NISP Sekuritas Company Update on Kalbe Farma: Will...
- NOMURA ANCHOR REPORT: ASEAN Strategy - four themes...
- UBS INDO Asia Plantations Sector Fundamentals stro...
- UBS INDO TLKM Potential miss in Q4
- The Wall Street Journal Research in Motion to filt...
- Bloomberg Indonesia Stocks Slump Most in Two Year...
- The Wall Street Journal Morgan Stanley: Here’s Whe...
- Reuters Wall Street dips on Portugal fears; Alcoa ...
- Commodity Online Two reasons why steel prices woul...
- PalmOil HQ Crude Palm Oil Falls 0.9% On Profit-Tak...
- Business Times CPO futures prices end easier
- Deutsche Bank Harum Energy : Poised for growth; in...
- JPM Indo: Indo banks P/E band
- Deutsche Bank Indonesia Banking - Resilience under...
- CLSA Bank Sector Outlook
- Danareksa Sekuritas Delta Dunia Makmur (DOID IJ, R...
- Mandiri Sekuritas ID (10-Jan-2011) EXCL: FY10F rev...
- NISP Sekuritas Daily 10 Jan 2011 (KLBF, MPPA, ELTY...
- Mandiri Sekuritas ID (07-Jan-2011) ENRG: Masela Pr...
- AAA Securities PT Kalbe Farma Tbk – Good Business ...
- GaleriSaham.com Frustrating IHSG, Beware Triple To...
- Insider Stories - Multistrada eyes Rp3.15 trio rev...
- Insider Stories - Latinusa to spend US$11 mio capex
- ► 01/02 - 01/09 (110)
Tidak ada komentar:
Posting Komentar